03/10/2011 Intraday Watering

Post by **Cobra** » Thu Mar 10, 2011 4:22 pm

the 3rd time the morning low being tested, I hope this time is different.

zombiebraingoo · Post by **zombiebraingoo** » Thu Mar 10, 2011 4:23 pm

the 20ma is starting to rollover...

greenback · Post by **greenback** » Thu Mar 10, 2011 4:28 pm

Cobra wrote:
greenback wrote:Cobra,

I don't understand why we can't say it's already a down trend, at least in the 60m chart, we've had lower highs and lower lows ...
Breakdown below green line, we then have our first daily lower low. Then you can call this is a possible downtrend but it could still be the 2nd leg down to test the previous low, right? So we're far from a confirmed downtrend. To trade, as I said many times, you better have positions for different time frame because once a longer time frame confirmed a trend change it might be too later, on the other hand, once a shorter time frame switch to an opposite position it might be just a whipsaw while your longer time frame position remains untounced. There's no time frame guarantee you to win all.

I got it ... thanks a lot!

99er · Post by **99er** » Thu Mar 10, 2011 4:34 pm

EURUSD
Here we go...
http://99ercharts.blogspot.com/2011/03/eurusd_2770.html

zombiebraingoo · Post by **zombiebraingoo** » Thu Mar 10, 2011 4:35 pm

99er wrote:EURUSD
Here we go...
http://99ercharts.blogspot.com/2011/03/eurusd_2770.html

if I had a nickel for...!

BullBear52x · Post by **BullBear52x** » Thu Mar 10, 2011 4:37 pm

FAZers or FASers. FAZ here 4th attemp to break out. if so, Financial is in trouble. go clean for today maybe tomorrow either FAZ or FAS.

uempel · Post by **uempel** » Thu Mar 10, 2011 4:37 pm

This is one of my favorite charts - it's not giving any clear signal yet.

zombiebraingoo · Post by **zombiebraingoo** » Thu Mar 10, 2011 4:39 pm

tigger is trying to get his tail coiled....

zombiebraingoo · Post by **zombiebraingoo** » Thu Mar 10, 2011 4:42 pm

1303?

Travelfrog · Post by **Travelfrog** » Thu Mar 10, 2011 4:46 pm

SPX Have you noticed how we tend to close the day near the 20ema on 15min chart .

Ignore the above, not close enough to be a signal

Dow Trader · Post by **Dow Trader** » Thu Mar 10, 2011 4:48 pm

I will buy Oil if visited 102.25 - 101.50 area again and hold to see the Friday's close

99er · Post by **99er** » Thu Mar 10, 2011 4:52 pm

zombiebraingoo-- If you had a nickel...would you buy me a burger?

America's Best Burgers
http://www.huffingtonpost.com/food-wine ... Out_Burger

Just joking.

Post by **Cobra** » Thu Mar 10, 2011 4:54 pm

Bigger picture, the support still held, today doesn't feel like an impulse down.

KENA · Post by **KENA** » Thu Mar 10, 2011 4:56 pm

I"m going to hold my SPY call.. We may have a start of a snap back rally tomorrow with a try for a double top befor we have a downside break to test the 1295 area. I guess wait and see.

Post by **Cobra** » Thu Mar 10, 2011 4:57 pm

Could be a Descending Triangle in the forming. One more test of the morning low, it'd be broken, just no time now, the market is about to close in 4 min.

Post by **Cobra** » Thu Mar 10, 2011 5:01 pm

Well, that's it for today. The chart pattern looks like a breakdown could be tomorrow. I'll see you tomrrow. Thank you guys.

Travelfrog · Post by **Travelfrog** » Thu Mar 10, 2011 5:06 pm

Looks like SPX daily has a bull flag in the making. I say 1280 area low tomorrow then back into bull mode.

zombiebraingoo · Post by **zombiebraingoo** » Thu Mar 10, 2011 5:14 pm

99er wrote:zombiebraingoo-- If you had a nickel...would you buy me a burger?

America's Best Burgers
http://www.huffingtonpost.com/food-wine ... Out_Burger

Just joking.

I'm a vegetarian - no burgers for anyone! stop eating faces and consciousness!

99er · Post by **99er** » Thu Mar 10, 2011 5:17 pm

/ES
A look at the damage done.
http://99ercharts.blogspot.com/2011/03/es_8474.html

99er · Post by **99er** » Thu Mar 10, 2011 5:19 pm

zombiebraingoo-- "I'm a vegetarian"

Sorry. Should have known that bulls don't eat meat.

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03/10/2011 Intraday Watering

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